Founded in 1856, Hunter holds two royal warrants. But the company has seen sales tumble due to coronavirus as people were forced inside during lockdown.
The cancellation of major festivals, such as Glastonbury, have also hit the company hard.
In 2006, the Hunter Rubber Company was placed into administration due to cash flow problems and following a number of structural reforms the HQ moved to Edinburgh.
Hunter was traditionally dominated by sales of Wellington boots, but over the last five years has diversified.
Over the years, the retailer has reduced its exposure to physical retail outlets, and now has only three flagship stores and three standalone shops.
It also launched an ecommerce platform that generates over 30 per cent of global sales.